An investor is considering the purchase of an investment at the end of Year 0 that will yield the following cash flows:
Year
|
End of Year Cash Flow
|
Year 1
|
$2,000
|
Year 2
|
$3,000
|
Year 3
|
$4,000
|
Year 4
|
$5,000
|
If the appropriate discount rate for this investment is 10%, what will this investor be willing to pay for this investment?